European Commission

Romania issues seven alerts for non-compliant masks imported from China

Romania has issued, under the RAPEX system, seven alerts for non-compliant masks on the market coming from China, which bear the CE marking, according to the European Commission's rapid alert system for non-food products. The products bear a CE marking but are not certified as protective equipment by a relevant body.

PM Orban: Gov't committed to make full use of EU financial package made available to Romania for development

The government is committed to make full use of the EU financial package made available to Romania in the coming years for its development, Prime Minister Ludovic Orban said on Thursday at the launch for public consultation of the National Recovery and Resilience Plan. "We are about to enter the most prolific period since our accession to the European Union.

Forty-five billion euros from EU fund could raise Greece to next level

The next five years could prove pivotal for the Greek economy as the government seeks via its National Recovery and Sustainability Plan to utilize resources from the European Union's Recovery Fund amounting to 32 billion euros - which could reach €45 billion together with private funds - and power the country's GDP to a new level.

European Commission Nods to EUR 511 Million for Support of Bulgarian Economy


The European Commission has approved an amendment to the Bulgarian Innovation and Competitiveness operational program, allowing the mobilization of EUR 511 million from the European Regional Development Fund and the Cohesion Fund to help the Bulgarian economy cope with the adverse effects of the Coronavirus crisis.

Europe’s Faustian Bargain

The news is not all bad. Owing to farsighted policy decisions by EU leaders, north-south relations within the Union are on a firmer footing than they have been for many years. One sign of this is that the spreads between German and Italian interest rates are at a record low, indicating that Italy's position in the euro is now rock solid.

FNGCIMM's Dumitru Nancu: All figures show 48% increase in lending from September 2019

The National Credit Guarantee Fund for SMEs (FNGCIMM) has five measures in the National Investment and Relaunch Plan, the most important being SME Invest, due to which lending increased by 48% compared to September 2019, the general director of FNGCIMM, Dumitru Nancu told Wednesday's Financial Intelligence Gala.